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Old Post Office Deal Falls Through

Owner Wants $1.3 Million For Downtown Structure

Posted: February 20, 2013 at 5 a.m.

Mark Risk, right, a Realtor, points out details in the dining area of the Old Post Office building Sept. 1 for, from left, Barbara Pryor, Archie Schaffer and David Pryor during a tour of the building on the Fayetteville square.

The old post office building in the center of the downtown square is back on the market.

Building Zone

The old post office building, which is listed on the National register of Historic Places, is zoned Main Street/Center. The designation allows for a wide range of uses, including cultural, recreational and government facilities; residential dwellings; restaurants; hotels; retail stores; and offices.

Source: Staff Report

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Looks like a prize piece of property is under valued for tax purposes. Wonder how that happened?

Think a home-owner could get by with an appraisal that's under by 50%?

Posted by: cdawg

February 20, 2013 at 3:25 p.m. ( | suggest removal )

All they have to do is propose a hub, waiting room for mass transit, and Sarah Marsh would be all over this like corruption at the assessor's office. There is two worlds, one for the Ron Bumpass's of the world and one for the rest of us. That's how it happened.

Posted by: Moneymyst

February 20, 2013 at 4:03 p.m. ( | suggest removal )

Cdawg, all properties are appraised well under market value for taxes purposes but you're still very clever.

Posted by: Tman47

February 20, 2013 at 9:01 p.m. ( | suggest removal )